AVANTI: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AVANTI
Largest movements
- Current investments +€20,139
up €20,139 (+85.1%), from €23,677 to €43,816
- Receivables within one year -€6,432
down €6,432 (-5.2%), from €123,175 to €116,744
of which Trade receivables: -€8,489
- Cash +€3,229
up €3,229 (+47.0%), from €6,873 to €10,102
mainly Other debts (+€50,806) and Net result for the year (+€20,946)
- Other debts +€50,806
new in 2025: €50,806
- Reserves -€29,861
down €29,861 (-34.4%), from €86,886 to €57,026
- Trade debts -€5,458
down €5,458 (-42.5%), from €12,829 to €7,371
- Gross operating margin +€13,055
up €13,055 (+75.4%), from €17,313 to €30,368
- Taxes +€2,152
up €2,152 (+42.9%), from €5,010 to €7,162
- Depreciation -€866
down €866 (-62.3%), from €1,389 to €523
- Financial charges +€609
up €609 (+242.1%), from €251 to €860
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,222 | €174,489 | +€16,267 | +10.3% |
| Fixed assets | 21/28 | €3,821 | €3,826 | +€5 | +0.1% |
| Tangible fixed assets | 22/27 | €3,821 | €3,826 | +€5 | +0.1% |
| Plant, machinery and equipment | 23 | €1,060 | €3,826 | +€2,767 | +261.1% |
| Furniture and vehicles | 24 | €2,762 | - | -€2,762 | |
| Current assets | 29/58 | €154,401 | €170,662 | +€16,262 | +10.5% |
| Amounts receivable within one year | 40/41 | €123,175 | €116,744 | -€6,432 | -5.2% |
| Trade receivables | 40 | €24,834 | €16,344 | -€8,489 | -34.2% |
| Other amounts receivable | 41 | €98,342 | €100,400 | +€2,058 | +2.1% |
| Current investments | 50/53 | €23,677 | €43,816 | +€20,139 | +85.1% |
| Cash at bank and in hand | 54/58 | €6,873 | €10,102 | +€3,229 | +47.0% |
| Deferred charges and accrued income | 490/1 | €675 | - | -€675 | |
| Total equity and liabilities | 10/49 | €158,222 | €174,489 | +€16,267 | +10.3% |
| Equity | 10/15 | €132,269 | €102,409 | -€29,861 | -22.6% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €86,886 | €57,026 | -€29,861 | -34.4% |
| Distributable reserves | 133 | €86,886 | €57,026 | -€29,861 | -34.4% |
| Profit (loss) carried forward | 14 | €34,183 | €34,183 | = | 0.0% |
| Amounts payable | 17/49 | €25,953 | €72,080 | +€46,127 | +177.7% |
| Amounts payable within one year | 42/48 | €25,953 | €72,080 | +€46,127 | +177.7% |
| Financial debts | 43 | €1,696 | €1,688 | -€8 | -0.5% |
| Credit institutions | 430/8 | €1,696 | €1,688 | -€8 | -0.5% |
| Trade debts | 44 | €12,829 | €7,371 | -€5,458 | -42.5% |
| Suppliers | 440/4 | €12,829 | €7,371 | -€5,458 | -42.5% |
| Taxes, remuneration and social security | 45 | €11,428 | €12,215 | +€786 | +6.9% |
| Taxes | 450/3 | €11,428 | €12,215 | +€786 | +6.9% |
| Other amounts payable | 47/48 | - | €50,806 | +€50,806 | |
| Non-recurring operating income | 76A | - | €11,616 | +€11,616 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,389 | €523 | -€866 | -62.3% |
| Other operating charges | 640/8 | €775 | €1,005 | +€230 | +29.7% |
| Gross operating margin | 9900 | €17,313 | €30,368 | +€13,055 | +75.4% |
| Operating profit (loss) | 9901 | €15,149 | €28,840 | +€13,691 | +90.4% |
| Financial income | 75/76B | €67 | €128 | +€62 | +92.7% |
| Recurring financial income | 75 | €67 | €128 | +€62 | +92.7% |
| Financial charges | 65/66B | €251 | €860 | +€609 | +242.1% |
| Recurring financial charges | 65 | €251 | €860 | +€609 | +242.1% |
| Profit (loss) for the period before taxes | 9903 | €14,964 | €28,108 | +€13,144 | +87.8% |
| Income taxes | 67/77 | €5,010 | €7,162 | +€2,152 | +42.9% |
| Profit (loss) for the period | 9904 | €9,954 | €20,946 | +€10,992 | +110.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,954 | €20,946 | +€10,992 | +110.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.